The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has attributed Nigeria’s erratic power supply to corruption within the power sector.
Speaking at the EFCC headquarters in Abuja, Olukoyede disclosed that an ongoing investigation had revealed severe misconduct, with contractors opting for substandard materials in project executions, leading to frequent outages and equipment failures.
Olukoyede noted that in the past 20 years, less than 20% of capital projects have been effectively implemented, hindering the country’s infrastructure growth.
The EFCC aims to achieve a 50% completion rate for capital projects this year, which he sees as crucial for national progress.
The commission currently handles over 20,000 active investigations, with over 17,000 petitions received in the past year.
Despite its limited staff, the EFCC continues to address cases across 36 states and 774 local governments.
House Committee Chairman Obinna Onwusibe urged the EFCC to work with the judiciary to expedite trials for inmates awaiting trial, some for over a year, to prevent justice delays.
He also called for the EFCC to ensure transparency in its operations and address claims of political bias.
